Historical Year Data · 2006

Spain Credit-to-GDP Gap in 2006

Spain Credit-to-GDP Gap opened 2006 at 39.7 and closed at 44.4, a +11.84% move for the year. The high of 44.4 was reached on December 31, and the low of 39.7 on March 31.

Open

39.7

2006-01

44.4

4 data points

High

44.4

Dec 31

Low

39.7

Mar 31

Full Year Change

+11.84%

2005 Change

+14.11%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	39.7	39.7	39.7	39.7	+0.00%
Jun	41.3	41.3	41.3	41.3	+0.00%
Sep	41.6	41.6	41.6	41.6	+0.00%
Dec	44.4	44.4	44.4	44.4	+0.00%

Events During 2006

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.

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